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Boeing to sell at least $10B in shares to plug cash drain

(www.wsj.com)
32 points bookofjoe | 2 comments | 15 Oct 24 21:34 UTC | HN request time: 0.431s | source
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game_the0ry ◴[15 Oct 24 21:50 UTC] No.41853479[source]▶
Not a bad move considering Dow and S&P are at all time highs.
replies(2): >>41853519 #>>41853690 #
metalliqaz ◴[15 Oct 24 21:55 UTC] No.41853519[source]▶
but Boeing's stock is down

and selling $10B in shares will drive it down further

replies(2): >>41853571 #>>41853619 #
1. sidewndr46 ◴[15 Oct 24 22:02 UTC] No.41853571[source]▶
so? you just reverse stock split until your stock price is back to normal.
replies(1): >>41853836 #
2. s1artibartfast ◴[15 Oct 24 22:34 UTC] No.41853836[source]▶
Stock price is irrelevant in isolation.